IHCL targets 30% growth in next few years
Indian Hotels Company Limited (IHCL) on Thursday said it is expecting to accelerate its growth to 30% in the next few years on the back of positive industry sentiment and expansion.
"We intend to significantly increase our footprint in India, driven by '3R' (restructure, reengineer, and reimagine) strategy and achieve our aspiration of doubling the room keys and expanding the operating margin by 800 bps over the next five years," N Chandrasekharan, Chairman, IHCL told shareholders at the company's AGM here.
"Our journey of growth has already commenced, marked by the sharpening of Taj, Vivanta and Ginger brands as well as launch of a new collection called 'SeleQtions'," he added.
Chandrasekharan said IHCL will also take initiatives to work together with other Tata companies.
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